Individual Members are independent consultants or those in transition who desire to work for a company that licenses software produced by QAD, Inc and is or will become a Regular Member or Associate member. Individual Members cannot act as an employment agent or work with a headhunter for the purpose of recruiting individuals for employment to other companies. Individual Membership is limited to 2 consecutive annual terms and the Individual Member must convert their membership to either a Regular Member or Associate Member by the end of the 2-year term. If the Individual Member has not become a Regular Member or Associate Member by the end of the second full year of Individual Membership, the Individual Members' membership will be determined at the discretion of the Board. If the Individual Member moves to either a Regular Member or Associate Member, and leaves employment to become independent, that individual may apply for Individual Membership again and the term limit is reset. Individual Members shall not be included in equity distributions should the Association be dissolved per Article X.